(1 point) Bob makes his first $1,150 deposit into an IRA earning 7.5% compounded annually on the day he turns 21 and his last $1,150 deposit on the day he turns 51 ( 31 equal deposits in all). With no additional deposits, the money in the IRA continues to earn 7.5% interest compounded annuaily unti Bob retires on his 65 th birthday. How much is the IRA worth when Bob retires? Value of the IRA on Bob's 65 th birthday: $